EX-12.1 4 file003.txt COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31, ---------------------------------------------------------------- 1998 1999 2000 2001 2002 (IN THOUSANDS) ------------- ----------- ------------- ------------- ---------- (Loss) income before income taxes and minority interest ............................................. $ (26,264) $ 3,339 $ (45,818) $ (43,137) $ 13,277 Plus fixed charges: Interest expense, net ................................ 68,008 87,474 101,693 98,440 81,784 Capitalized interest ................................. 2,639 3,727 4,182 2,570 1,525 Portion of rent expense representative of interest expense ................................... 3,542 5,201 6,620 7,388 7,635 Plus (income) loss from equity investees .............. (274) (231) (63) 246 -- Plus amortization of capitalized interest ............. 522 672 935 1,236 1,252 Less capitalized interest ............................. (2,639) (3,727) (4,182) (2,570) (1,525) --------- -------- --------- --------- -------- Adjusted earnings ..................................... 45,534 96,455 63,367 64,173 103,948 Fixed charges ......................................... $ 74,189 $ 96,402 $ 112,495 $ 108,398 $ 90,944 Ratio of earnings to fixed charges .................... -- 1.0 -- -- 1.1 Deficiency of earnings to cover fixed charges ......... $ 28,655 $ 49,128 $ 44,225
NINE MONTHS ENDED ---------------------------------------- SEPTEMBER 29, 2002 SEPTEMBER 28, 2003 (IN THOUSANDS) -------------------- ------------------- Income before income taxes and minority interest .................... $ 19,480 $ 15,738 Plus fixed charges: Interest expense, net .............................................. 61,931 74,403 Capitalized interest ............................................... 1,508 1,048 Portion of rent expense representative of interest expense ......... 5,638 5,817 Plus (income) loss from equity investees ............................ -- -- Plus amortization of capitalized interest ........................... 919 964 Less capitalized interest ........................................... (1,508) (1,048) -------- -------- Adjusted earnings ................................................... 87,968 96,922 Fixed charges ....................................................... $ 69,077 $ 81,268 Ratio of earnings to fixed charges .................................. 1.3 1.2